our signature loan contribution, or signature loan fees less bad
debt and direct transaction expense, led the improvement with
growth of 95% or $7.7 million.
Joe Rotunda, President and CEO, EZCORP
The prior year results include an unfavorable impact of
approximately $0.04 per share due to losses associated with
hurricanes Katrina and Rita and expenses directly related to the
Company's conversion of 181 Texas EZMONEY locations to a credit
President and Chief Executive Officer, Joe Rotunda, stated, "The
fourth quarter was our seventeenth consecutive quarter of
year-over-year earnings growth. Increases in our signature loan
contribution, or signature loan fees less bad debt and direct
transaction expense, led the improvement with growth of 95% or
Rotunda continued, "We opened forty-six EZMONEY locations during
the fourth quarter, making this fiscal year the third
consecutive year of opening more than 100 stores."
Rotunda concluded, "In fiscal 2007, we plan to continue
expansion of our store base by opening approximately 100 new
EZMONEY stores and several additional Mexico locations."
On November 3, 2006, the Company's Board of Directors declared a
three- for-one stock split of its two classes of common stock to
shareholders of record as of the close of business on November
27, 2006. Shares resulting from the stock split are expected to
be distributed on or about December 11, 2006. All share and per
share figures disclosed in this announcement are presented
before the stock split.
EZCORP operates 334 payday loan locations.